Canada Directors Resolutions Redeeming Shares

Prepare a Directors Resolution to authorize redemption of shares with this easy template for Canadian corporations.

• The Board of Directors authorizes the redemption of shares of stock upon request by a shareholder.
• The shares will be redeemed provided that the corporation determines that redeeming the shares would not render the corporation unable to meet its liabilities.
• The resolution also requires the consent of the shareholders.
• The Directors Resolution can be used in any province which has a Business Corporations Act.